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UPI limit for investing in IPOs, government securities raised to Rs.5 lakh: RBI

UPI limit for investing in IPOs, government securities raised to Rs.5 lakh: RBI

The RBI announced that its enhancing the transaction limit of UPI payments for investment in RBI Retail Direct Scheme for government securities (G-Secs) and IPOs from the current limit of Rs.2 lakh to Rs.5 lakh. To deepen digital payments further, the RBI will launch UPI-based payment products for feature phone users, Governor Shaktikanta Das said while announcing the monetary policy. .

technology 2021-12-08 Inshorts